Mixed sentiments over job creation, labor market neither hot nor cold
US Jobs Report – September 2016
On Friday, October 7, the Bureau of Labor Statistics released its monthly employment situation report for September, which is a widely used indicator for the health of the labor market. The September report met with mixed reviews as job growth met some expectations while others felt job creation missed the mark. The overall labor force further expanded as more people entered the workforce slightly increasing the unemployment rate.
- U.S. adds 156,000 new jobs in September meeting expectations and reflecting a labor market that is not too hot nor too cold
- The unemployment rate rose a notch to 5.0% as more people continued to entered the labor force in search of work
- The labor force participation rate improved slightly to 62.9%
- The size of the labor force has increased by nearly a million people in the past five months
- 2nd-quarter GDP expanded better than previous estimates to a 1.4% pace
Want to know more about the top trends in the job market? Check out the US Labor Market Update from Monster Intelligence.